Rising temperature and melting Arctic ice are changing global geopolitics. Oil, natural gas, minerals and fish there is enough of these trapped under the melting sea ice to satiate the world's growing hunger. Receding ice caps are opening up new sea lanes, making the exploitation easier. The eight nations surrounding the Arctic Ocean are in a frenzy not to let go of even an inch of their territory. The newfound resource is also attracting distant players like India and China. But is the melting of the Arctic as promising as it seems? It has been under permafrost for ages. No one knows how human activity will affect its pristine ecology. Scientists warn that locked in its permafrost is twice as much carbon as in the atmosphere. Freeing up of this carbon and access to more hydrocarbons will accentuate global warming, causing a domino effect. Is the world being complacent about the warnings? Richard Mahapatra finds out